Scorpio Bulkers is in talks with banks for additional debt to help fund its swoop for six ultramaxes from Golden Ocean.
TradeWinds revealed this morning that the New York-listed owner had made its first purchase since 2014 with a $142.5m swoop for the ships.
In a statement Scorpio Bulkers confirmed the report, explaining it would fund the move with cash on hand plus existing and new debt, for which talks with its lenders are underway.
